While $80k a month is a lot for a rental, believe it or not, there are rentals priced even higher. The infamous Hamptons of Eastern Long Island NY holds records for some of the priciest real estate. The people who throw money at these lavish getaways are typically the billionaire Wall Street hedge fund managers who want something for the weekend and don't want to travel too far.
hamptons.curbed.com/archives/2009/12/11/the_top_10_most_expensive_rentals_for_summer_2010. php
Quote:
1) The Rental: 'Classic Oceanfront', Southampton
MD-LD: $850,000
The Skinny: The winner comes in under a million, and offers classic Hamptons living on the ocean, with 'distinctive' rooms and 4 acres of privacy
note: MD-LD = Memorial Day to Labor Day
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